Foremost Insurance is a wholly owned subsidiary of the Farmers Insurance Group of Companies, which is based in California. Foremost has been in the specialty insurance business since 1952, and is a leader in insuring specialty products such as mobile homes, speciality dwellings, motor homes, motorcycles, travel trailers, boats and more. The Farmers Insurance Group of Companies is a multi-line, multi-company insurance and financial services group.
Characteristics | Values |
---|---|
Year founded | 1952 |
Parent company | Farmers Insurance Group of Companies |
Specialty | Specialty insurance products such as mobile homes, speciality dwellings, motor homes, motorcycles, travel trailers, boats, etc. |
Number of customers | Nearly three million |
Number of mobile home residences insured | Over one million |
States licensed to operate in | All except Hawaii |
Headquarters | Los Angeles, California |
Number of agents | 50,000 |
Number of customers | 20 million |
What You'll Learn
- Foremost Insurance Group is a trade name of multiple insurance companies
- Foremost has been in the specialty insurance business since 1952
- Foremost offers insurance for mobile homes, motorcycles, and more
- Foremost is a wholly-owned subsidiary of Farmers Insurance Group of Companies
- Foremost is rated A (Excellent) by A.M. Best
Foremost Insurance Group is a trade name of multiple insurance companies
Foremost Insurance Group is comprised of the following companies:
- Foremost Insurance Company
- Foremost Signature Insurance Company
- Foremost Property and Casualty Insurance Company
- American Federation Insurance Company
- Foremost Lloyds of Texas
- Foremost County Mutual Insurance Company
These companies offer insurance policies for mobile homes, motor homes, travel trailers, motorcycles, off-road vehicles, personal watercraft, family boaters, snowmobiles, commercial lines, and private passenger autos. Foremost is a leader in insuring specialty products and serves nearly three million customers.
The Farmers Insurance Group of Companies is a multi-line, multi-company insurance and financial services group. It is comprised of three primary insurers: Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange. These exchanges are inter-insurance groups owned by their policyholders and offer insurance and financial services throughout the United States.
Farmers Insurance Group also includes companies such as Farmers Financial Solutions, LLC, which offers financial products like mutual funds and annuities, and Bristol West Insurance, which provides private passenger non-standard auto insurance.
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Foremost has been in the specialty insurance business since 1952
Foremost Insurance has been in the specialty insurance business since 1952. It was founded on June 12, 1952, to provide insurance for a new and growing market of mobile home owners. The first mobile home insurance policy was created by Foremost.
By 1961, Foremost sold mobile home insurance in every state except Hawaii. In less than a year, the company grew from a one-room office with three employees to a staff of 11. Within five years, Foremost was doing business in 35 states and had 44 employees.
Foremost is a leader in insuring specialty products such as mobile homes, specialty dwellings, motor homes, motorcycles, travel trailers, boats, and more. The company is a wholly owned subsidiary of the Farmers Insurance Group of Companies, which is based in California and is one of the nation's largest insurers of personal property.
The Farmers Insurance Group of Companies is made up of several insurance companies, including Foremost Insurance Company, Foremost Signature Insurance Company, Foremost Property and Casualty Insurance Company, and Foremost Lloyds of Texas, among others. These companies offer a range of insurance products, including private passenger automobile and homeowners insurance, providing coverage to millions of customers across the United States.
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Foremost offers insurance for mobile homes, motorcycles, and more
Foremost Insurance has been an industry leader since 1952, when it was founded to provide insurance for mobile homes. It was the first company to create an insurance policy specifically for mobile homes and has been leading the industry ever since.
Foremost is a wholly-owned subsidiary of the Farmers Insurance Group of Companies, which is based in California and is one of the nation's largest insurers of personal property. The Farmers Insurance Group of Companies was itself built on car insurance for farmers and has since become a multi-line, multi-company insurance and financial services group.
Foremost offers a range of insurance products, including mobile home insurance, motorcycle insurance, and more.
Mobile Home Insurance
Foremost offers mobile home insurance for mobile homes of nearly every type, including older mobile homes, rental mobile homes, and vacant mobile homes. They also offer flexible payment plans and numerous discounts.
Motorcycle Insurance
Foremost offers motorcycle insurance for a wide range of motorcycles, including cruisers, dirt bikes, sport bikes, trikes, classics, electric bikes, scooters, and more. They also offer a range of coverage options, including replacement cost total loss settlement, transport trailer coverage, and helmets and safety apparel coverage.
Other Insurance Products
In addition to mobile home and motorcycle insurance, Foremost also offers insurance for motor homes, travel trailers, boats, personal watercraft, collectible autos, snowmobiles, and more. They also offer specialty homeowners insurance, including dwelling fire policies, landlord insurance, vacant home insurance, and seasonal home insurance.
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Foremost is a wholly-owned subsidiary of Farmers Insurance Group of Companies
Foremost Insurance has been a wholly-owned subsidiary of Farmers Insurance Group of Companies since 2000. Headquartered in Los Angeles, Farmers Insurance Group of Companies is one of the largest personal property insurers in the United States, providing coverage to 20 million customers through 50,000 agents across the country.
Foremost Insurance, founded in 1952, is a leader in the specialty insurance business, offering policies for mobile homes, specialty dwellings, motor homes, motorcycles, travel trailers, boats, and more. Foremost serves nearly three million customers and insures more than one million mobile home residences across the United States.
The Farmers Insurance Group of Companies consists of several insurers that use and support the Farmers® brand, including Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange (Exchanges). These exchanges are inter-insurance exchanges owned by their policyholders and are organized under the laws of the State of California. They offer homeowners insurance, auto insurance, commercial insurance, and financial services throughout the United States.
In addition to Foremost Insurance, the Farmers Insurance Group of Companies also includes Bristol West Insurance, 21st Century Insurance, Farmers New World Life Insurance Company, Farmers Financial Solutions, LLC, and Toggle, among others.
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Foremost is rated A (Excellent) by A.M. Best
Foremost Insurance has been rated A (Excellent) by A.M. Best, one of the world's oldest rating companies. A.M. Best's ratings are based on comprehensive evaluations of a company's operating performance, business profile, and balance sheet. The rating indicates that Foremost has a strong financial position and is capable of meeting its insurance obligations.
Foremost's rating from A.M. Best reflects the company's solid financial footing and ability to handle insurance claims. This rating provides assurance to customers that Foremost is a reputable and trustworthy insurance provider.
In addition to its excellent rating from A.M. Best, Foremost has also received positive ratings from other organizations, such as the Better Business Bureau (BBB). Foremost's financial strength and stability have been recognized by these independent evaluators, giving customers confidence in the company's ability to meet their insurance needs.
Foremost, a subsidiary of Farmers Insurance Group, has a long history in the insurance industry. Founded in 1952, Foremost specializes in providing insurance for mobile homes, RVs, automobiles, and other specialty areas. The company's financial strength, as recognized by A.M. Best, is a key factor in its ability to provide reliable insurance coverage to its customers.
A.M. Best's rating of Foremost takes into account the company's affiliation with Farmers Insurance Group, which provides additional financial stability. Foremost's strong financial position allows it to handle claims effectively and provides peace of mind to its customers. The excellent rating from A.M. Best is a testament to Foremost's reliability and financial stability in the insurance industry.
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Frequently asked questions
Yes, Foremost is a wholly owned subsidiary of the Farmers Insurance Group of Companies.
Farmers Insurance acquired Foremost in 2000.
Foremost specializes in insuring specialty products such as mobile homes, specialty dwellings, motor homes, motorcycles, travel trailers, boats, and more.
Foremost focuses on providing specialty insurance products and has been in this business since 1952. They serve nearly three million customers across the United States.